Is BTC Crashing Again?
Okkkkk so my first prediction shut a few people up LOL. Let's take a look at the monthly timeframe for the time being. What we clearly see is a Hammer formed, followed by a possible engulfing of that candle, but closer to the close of that candle, we should see if it is or not.I would possibly look for a sell position around 47k where i have clearly marked at the wick of the hammer my entry. People will gain fate again in the coin, but will it retrace to 20k, no doubt. Scanning over the daily timeframe, its quiet interesting to see that 47k is clearly showing confluence with the Fibonacci extension at the 50% zone, which is also known as a golden zone for entries. One last thing that completes my analysis is we have liquidity zones(Imbalances) below that need to be filled with the Ema (40) just below them.
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